Manaksia

how big is Manaksia?

As of Jun 06, Manaksia Ltd has a market capitalization of 472.50 Cr, with recent net sales of 731.06 Cr and a net profit of 55.98 Cr over the last four quarters. Shareholder's funds are 550.35 Cr, and total assets amount to 721.71 Cr as of Mar'24.

Market Cap: Manaksia Ltd has a market capitalization of 472.50 Cr and is classified as a Micro Cap company as of Jun 06.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Mar'25, Dec'24, Sep'24, and Jun'24, is 731.06 Cr. The sum of Net Profit for the same period is 55.98 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending Mar'24. Shareholder's Funds are reported at 550.35 Cr, and Total Assets amount to 721.71 Cr.

What does Manaksia do?

Manaksia Ltd is a micro-cap company in the Iron & Steel Products industry, primarily producing metal and packaging products in Nigeria. As of March 2025, it reported net sales of 269 Cr and a net profit of 12 Cr, with a market cap of Rs 479 Cr.

Overview: <BR>Manaksia Ltd is a micro-cap company operating in the Iron & Steel Products industry, focusing on the production of various metal and packaging products primarily in Nigeria.<BR><BR>History: <BR>Manaksia Ltd was originally incorporated as Hindusthan Seals Limited on December 27, 1984, and changed its name to Manaksia Limited on December 4, 2003. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>- Net Sales: 269 Cr (Quarterly Results - Mar 2025) <BR>- Net Profit: 12 Cr (Quarterly Results - Mar 2025) <BR>- Market Cap: Rs 479 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>- P/E: 8.00 <BR>- Industry P/E: 8 <BR>- Dividend Yield: 0.00% <BR>- Debt Equity: -0.57 <BR>- Return on Equity: 10.54% <BR>- Price to Book: 0.80 <BR><BR>Contact Details: <BR>Address: Turner Morrison Building, 6 Lyons Range Mezzanine Floor Kolkata West Bengal : 700001 <BR>Tel: 91-033-22310050 <BR>Email: investor.relations@manaksia.com <BR>Website: http://www.manaksia.com

Who are in the management team of Manaksia?

As of March 2023, the management team of Manaksia includes K K Chaudhuri, Suresh Kumar Agrawal, Vineet Agarwal, Ramesh Kumar Maheshwari, Biswanath Bhattacharjee, Nidhi Baheti, Varun Agrawal, and Varsha Bansal, featuring a mix of executive and independent non-executive directors along with a compliance officer.

As of March 2023, the management team of Manaksia includes the following individuals:<BR><BR>1. K K Chaudhuri - Independent Non-Executive Director<BR>2. Suresh Kumar Agrawal - Executive Director / Managing Director / Promoter<BR>3. Vineet Agarwal - Non-Executive Director<BR>4. Ramesh Kumar Maheshwari - Independent Non-Executive Director<BR>5. Biswanath Bhattacharjee - Independent Non-Executive Director<BR>6. Nidhi Baheti - Independent Non-Executive Director<BR>7. Varun Agrawal - Non-Executive Director<BR>8. Varsha Bansal - Company Secretary & Compliance Officer<BR><BR>This team comprises a mix of executive and non-executive directors, along with a compliance officer.

Has Manaksia declared dividend?

Yes, Manaksia Ltd has declared a 150% dividend, amounting to ₹3 per share, with an ex-date of September 14, 2023. However, the dividend yield is 0%, and total returns over various periods have shown mixed performance, with negative returns in the short term but positive returns over the long term.

Manaksia Ltd has declared a 150% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 150%<BR>- Amount per share: 3<BR>- Ex-date: 14 Sep 23<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the last 6 months, the price return was -22.07%, the dividend return was 0%, resulting in a total return of -22.07%.<BR><BR>In the past year, the price return was -28.18%, with a dividend return of 0%, leading to a total return of -28.18%.<BR><BR>Over the last 2 years, the price return was -58.59% and the dividend return was 1.69%, resulting in a total return of -56.9%.<BR><BR>In the 3-year period, the price return was -15.64%, the dividend return was 8.22%, culminating in a total return of -7.42%.<BR><BR>For the 4-year period, the price return was 16.62%, the dividend return was 13.98%, which resulted in a total return of 30.6%.<BR><BR>Over the last 5 years, the price return was 110.29%, with a dividend return of 25.79%, leading to a total return of 136.08%.<BR><BR>Overall, while Manaksia has declared a significant dividend, the total returns over various periods show a mixed performance, with negative returns in the shorter terms but positive returns over the longer term. The dividend yield remains at 0%, indicating that the dividend has not contributed to returns recently.

Who are the peers of the Manaksia?

Manaksia's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Supershakti Met., Ahm. Steelcraft, D P Wires, Mangalam World, and Geekay Wires. APL Apollo Tubes shows excellent management and growth, while Manaksia has below-average growth and a 1-year return of -30.29%.

Peers: The peers of Manaksia are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Supershakti Met., Ahm. Steelcraft, D P Wires, Mangalam World, and Geekay Wires.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals. Average management risk is present at Jindal Saw, D P Wires, and Geekay Wires, while Below Average management risk is noted at Supershakti Met., Ahm. Steelcraft, and Mangalam World. Excellent growth is seen at APL Apollo Tubes and Ahm. Steelcraft, while Average growth is found at Shyam Metalics and Ratnamani Metals, and Below Average growth is noted at Welspun Corp, Jindal Saw, Manaksia, Supershakti Met., D P Wires, and Geekay Wires. Excellent capital structure is observed at APL Apollo Tubes, Shyam Metalics, Ratnamani Metals, Manaksia, Supershakti Met., and D P Wires, while Good capital structure is found at Welspun Corp, and Below Average capital structure is noted at Jindal Saw, Ahm. Steelcraft, Mangalam World, and Geekay Wires.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Ahm. Steelcraft at 272.18%, while the peer with the lowest 1-year return is Jindal Saw at -22.93%. Manaksia's own 1-year return is -30.29%, which is lower than both of these peers. Additionally, the six-month return is negative for Ratnamani Metals, Jindal Saw, D P Wires, Supershakti Met., and Geekay Wires.

Who are the top shareholders of the Manaksia?

The top shareholders of Manaksia include promoter Varun Agrawal with 18.88%, individual investors with 18.05%, and Thermo Capital Private Limited holding 1.13%. There are also 14 foreign institutional investors with a combined 0.95%, but no mutual funds currently hold shares.

The top shareholders of Manaksia include the promoters, who hold the majority of the shares. Varun Agrawal is the promoter with the highest holding at 18.88%. Additionally, individual investors collectively hold 18.05% of the shares. Among public shareholders, Thermo Capital Private Limited stands out with a holding of 1.13%. The company also has 14 foreign institutional investors (FIIs) that hold a combined 0.95% of the shares. There are no mutual funds currently holding shares in Manaksia.

Is Manaksia technically bullish or bearish?

As of July 24, 2025, Manaksia's technical trend is neutral with mixed indicators, showing a mildly bullish weekly MACD and OBV, but a bearish monthly MACD and moving averages, indicating a lack of strong directional momentum.

As of 24 July 2025, the technical trend for Manaksia has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed indicators across different time frames. The weekly MACD is mildly bullish, while the monthly MACD remains bearish. The weekly Bollinger Bands indicate a bullish sentiment, but the monthly view is mildly bearish. Moving averages on the daily chart show a mildly bearish trend. The KST is bullish on the weekly but bearish on the monthly, and both weekly and monthly Dow Theory readings are mildly bullish. The OBV is bullish across both time frames. Overall, the mixed signals suggest a lack of strong directional momentum at this time.

Is Manaksia overvalued or undervalued?

As of November 7, 2025, Manaksia is fairly valued with a PE ratio of 7.70 and an EV to EBITDA of 2.12, but its stock has underperformed the Sensex with a year-to-date return of -21.19%, indicating a cautious outlook compared to its peers.

As of 7 November 2025, the valuation grade for Manaksia has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%. In comparison to its peers, Hindalco Industries is rated attractive with a PE of 10.26, while National Aluminium is also attractive with a PE of 7.52, suggesting that Manaksia's valuation is competitive but not particularly compelling.<BR><BR>The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -21.19% compared to the Sensex's 6.50%, highlighting potential concerns regarding its market position. Given the current ratios and peer comparisons, Manaksia appears to be fairly valued, reflecting a cautious outlook amidst a challenging market environment.

How has been the historical performance of Manaksia?

Manaksia has experienced a significant decline in financial performance, with net sales dropping from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25, and profits decreasing across all key metrics, including profit after tax falling from 107.79 Cr to 58.12 Cr. Earnings per share also declined from 16.29 to 8.54, indicating a challenging period for the company.

Answer:<BR>The historical performance of Manaksia shows a declining trend in net sales and profits over the past few years, with net sales decreasing from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25. The total operating income followed a similar pattern, dropping from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25. The operating profit (PBDIT) also saw a significant decline, falling from 223.50 Cr in Mar'23 to 108.48 Cr in Mar'25. Profit before tax decreased from 187.35 Cr in Mar'23 to 84.79 Cr in Mar'25, while profit after tax dropped from 107.79 Cr to 58.12 Cr in the same period. The company's earnings per share (EPS) decreased from 16.29 in Mar'23 to 8.54 in Mar'25, reflecting the overall decline in profitability.<BR><BR>Breakdown:<BR>Manaksia's financial performance has been characterized by a notable decline in key metrics over the years. Net sales decreased from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25, while total operating income mirrored this trend, falling to 731.05 Cr from 1,165.45 Cr. The operating profit (PBDIT) also experienced a significant drop, declining from 223.50 Cr to 108.48 Cr in the same timeframe. Profit before tax and profit after tax followed suit, with figures decreasing from 187.35 Cr to 84.79 Cr and from 107.79 Cr to 58.12 Cr, respectively. This decline is further reflected in the earnings per share, which fell from 16.29 to 8.54. Overall, Manaksia's financial results indicate a challenging period with decreasing revenues and profits.

When is the next results date for Manaksia Ltd?

The next results date for Manaksia Ltd is January 30, 2026.

The next results date for Manaksia Ltd is scheduled for January 30, 2026.

Are Manaksia Ltd latest results good or bad?

Manaksia Ltd's latest results show a net profit increase of 32.48% quarter-on-quarter, but declining net sales and a significant drop in operating margin raise concerns about the sustainability of earnings. Overall, the results are mixed, indicating potential challenges ahead for the company.

The latest results for Manaksia Ltd present a mixed picture. On one hand, the company reported a net profit of ₹14.56 crores for Q3 FY26, which is a significant increase of 32.48% compared to the previous quarter and a 13.75% rise year-on-year. This aspect of the results is encouraging.<BR><BR>However, when delving deeper, there are several concerning trends. Net sales decreased by 3.14% quarter-on-quarter to ₹184.02 crores, and there was a year-on-year decline of 2.06%. This drop in sales is troubling, especially as it marks a significant decline from the average sales over the previous four quarters. Additionally, the operating margin, excluding other income, fell to 3.73%, the lowest in recent quarters, down from 8.87% a year ago. This indicates that the company is facing challenges in maintaining profitability from its core operations.<BR><BR>A critical concern is the heavy reliance on other income, which accounted for 82.20% of profit before tax. This raises questions about the sustainability of the company's earnings, as the core operational profit was only ₹3.69 crores. <BR><BR>Overall, while the profit figure may seem positive at first glance, the underlying operational weaknesses and declining sales suggest that the results are not entirely good. Investors should be cautious and monitor the company's performance closely in the upcoming quarters.

Should I buy, sell or hold Manaksia Ltd?

Why is Manaksia Ltd falling/rising?

As of 17-Mar, Manaksia Ltd's stock price is at Rs. 49.92, down 4.31%, and has hit a new 52-week low. The stock is underperforming its sector and experiencing declining investor interest, contributing to negative sentiment.

As of 17-Mar, Manaksia Ltd's stock price is falling, currently at Rs. 49.92, which reflects a decrease of Rs. 2.25 or 4.31%. The stock has been on a downward trend, having lost 12.02% over the last three days and is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Today, the stock hit a new 52-week low of Rs. 49.05, indicating significant selling pressure.<BR><BR>In terms of performance relative to the broader market, Manaksia Ltd has underperformed its sector by 7.12% today, while the Aluminium & Aluminium Products sector has gained by 2.78%. Additionally, investor participation appears to be declining, with delivery volume dropping by 31.64% compared to the 5-day average. This lack of interest from investors, combined with the stock's consistent decline and poor performance metrics, contributes to the overall negative sentiment surrounding Manaksia Ltd's stock price.

Why is Manaksia Ltd falling/rising?

As of 18-Mar, Manaksia Ltd's stock price is rising to Rs 51.66, marking a 3.49% increase after three days of decline. This short-term recovery is accompanied by heightened investor interest, although the stock remains below its moving averages, indicating a longer-term bearish trend.

As of 18-Mar, Manaksia Ltd's stock price is rising, currently at Rs 51.66, reflecting an increase of Rs 1.74 or 3.49%. This rise comes after a trend reversal, as the stock has gained after three consecutive days of decline. Additionally, it has outperformed its sector by 4.24% today, indicating a positive shift in performance relative to its peers.<BR><BR>The stock's intraday high of Rs 51.66 also suggests a strong trading day, supported by a significant increase in investor participation, with delivery volume rising by 238.78% compared to the five-day average. However, it is important to note that despite this rise, Manaksia Ltd is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically indicates a bearish trend in the longer term.<BR><BR>Overall, the current rise in Manaksia Ltd's stock price can be attributed to a short-term recovery following a period of decline, increased investor interest, and a notable performance against its sector.

Why is Manaksia Ltd falling/rising?

As of 19-Mar, Manaksia Ltd's stock price is Rs 50.00, reflecting a 2.0% decrease and significant underperformance with a year-to-date decline of 22.28%. The stock is near its 52-week low and shows bearish trends, compounded by reduced investor interest and poor long-term growth prospects.

As of 19-Mar, Manaksia Ltd's stock price is falling, currently at Rs 50.00, which reflects a decrease of Rs 1.02 or 2.0%. The stock has underperformed significantly over various periods, with a year-to-date decline of 22.28% compared to a 12.92% drop in the benchmark index. Over the past year, the stock has generated a return of -21.40%, while its profits have decreased by 31.5%. <BR><BR>Today, the stock is close to its 52-week low, just 1.9% away from Rs 49.05. It has also touched an intraday low of Rs 50, indicating a downward trend. Additionally, Manaksia is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish sentiment among investors. The sector itself, Aluminium & Aluminium Products, has seen a decline of 3.6%, further contributing to the negative performance of Manaksia Ltd.<BR><BR>Investor participation has also fallen, with delivery volume dropping by 20.61% against the 5-day average, indicating reduced interest in the stock. Despite having a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 0.5, the company's long-term growth prospects appear poor, as evidenced by a consistent decline in net sales and operating profit over the last five years. This combination of factors has led to the stock's current downward trajectory.

Why is Manaksia Ltd falling/rising?

As of 20-Mar, Manaksia Ltd's stock price is at 50.85, reflecting a slight daily increase but significant declines over the past month and year-to-date. The stock is trading below all moving averages, indicating a bearish trend, and has seen reduced investor participation, contributing to negative sentiment.

As of 20-Mar, Manaksia Ltd's stock price is rising, currently at 50.85, reflecting an increase of 0.67 (1.34%). Despite this daily rise, the stock has shown significant declines over various periods, including a 1-month drop of 16.60% and a year-to-date decline of 20.95%. The stock is currently trading 3.54% above its 52-week low of Rs 49.05, indicating some upward movement today. <BR><BR>However, it is important to note that Manaksia Ltd is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bearish trend. Additionally, the stock has underperformed compared to the broader market, with the Aluminium & Aluminium Products sector experiencing a decline of 2.48%. <BR><BR>Investor participation appears to be falling, as evidenced by a delivery volume of 31.75k on 19 March, which is down 26.45% compared to the 5-day average. This decline in investor interest could also contribute to the overall negative sentiment surrounding the stock despite its slight rise today.

Why is Manaksia Ltd falling/rising?

As of 23-Mar, Manaksia Ltd's stock price is Rs. 47.00, down 6.19%, and has hit a new 52-week low. The stock has significantly underperformed against the Sensex, with a year-to-date decline of 26.94% and decreased investor participation, indicating a bearish trend.

As of 23-Mar, Manaksia Ltd's stock price is falling, currently at Rs. 47.00, which reflects a decrease of Rs. 3.1 or 6.19%. The stock has been on a downward trend, having lost 7.88% over the last three days and is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock hit a new 52-week low of Rs. 46.82 today. <BR><BR>In the broader context, the stock has underperformed against the Sensex, with a 1-week decline of 9.91% compared to the Sensex's 3.72% drop. Over the past month, Manaksia Ltd has experienced a significant decline of 22.30%, while the Sensex fell by 12.72%. Year-to-date, the stock is down 26.94%, contrasting with the Sensex's 14.70% decline. <BR><BR>Investor participation has also decreased, with delivery volume dropping by 37.91% compared to the 5-day average. The overall sector, Aluminium & Aluminium Products, has seen a decline of 4.2%, which may be contributing to the negative sentiment surrounding Manaksia Ltd. These factors collectively indicate a bearish trend for the stock.

Why is Manaksia Ltd falling/rising?

As of 24-Mar, Manaksia Ltd's stock price is declining, currently at Rs. 46.84, reflecting a significant drop and hitting a new 52-week low. The stock has underperformed its sector and the benchmark index, with declining investor interest and negative financial results contributing to its downward trend.

As of 24-Mar, Manaksia Ltd's stock price is falling, currently at Rs. 46.84, reflecting a decrease of Rs. 0.51 or 1.08%. The stock has been on a downward trend, having lost 8.19% over the last four days and is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. <BR><BR>The stock has also hit a new 52-week low of Rs. 46.2 today, indicating significant weakness. In terms of performance, it has underperformed its sector by 2.77% today and has shown a substantial decline of 21.91% over the past month, compared to a 9.92% decline in the benchmark index, Sensex. Year-to-date, the stock is down 27.19%, significantly worse than the Sensex's 13.09% drop.<BR><BR>Investor participation appears to be declining, with delivery volume on March 23 falling by 39.9% compared to the 5-day average, suggesting reduced interest from investors. Additionally, the company has reported negative financial results, with a 31.5% decline in profits over the past year, and long-term growth indicators are poor, including a net sales growth rate of -0.90% and an operating profit decline of 14.75% over the last five years. <BR><BR>Overall, the combination of consistent underperformance against benchmarks, declining investor interest, and negative financial results contributes to the falling stock price of Manaksia Ltd.

Why is Manaksia Ltd falling/rising?

As of 25-Mar, Manaksia Ltd's stock price is rising by 1.09%, but it has significantly underperformed over the year with a decline of 24.98%. Despite short-term gains, long-term metrics indicate ongoing challenges, including falling net sales and operating profit.

As of 25-Mar, Manaksia Ltd's stock price is currently rising, as indicated by a change of 0.52 (1.09%) upwards. This increase follows a period of consecutive gains, with the stock having risen 1.92% over the last two days. However, it is important to note that despite this recent uptick, the stock has significantly underperformed over longer periods, with a year-to-date decline of 24.98% and a one-year return of -22.86%. <BR><BR>The stock is currently trading 4.27% away from its 52-week low and has been underperforming its sector by 0.97%. Additionally, it is trading lower than its moving averages across various time frames, indicating a general bearish trend. The delivery volume has also fallen by 11.76% compared to the five-day average, suggesting a decrease in investor participation.<BR><BR>While the stock has shown some short-term gains, the overall performance metrics indicate a troubling trend, with poor long-term growth reflected in declining net sales and operating profit over the past five years. The company has also reported negative results, including a significant drop in net sales and operating profit in the most recent quarter. Thus, while there is a slight rise in the stock price currently, the broader context reveals ongoing challenges that could impact future performance.

Which are the latest news on Manaksia?